New Ebay scam

[alwayslooking]

The new Ebay scam seems to be selling the same coin as somebody else. If you look up "1959 Mexico 20 Peso " somebody in Australia is selling it for $1550 and somebody in the USA with a week old account and zero feedback has the same add (background and all) and you can get the coin for $8.88. This is the forth coin I have seen advertised by a new seller with no other items listed, usually just one high dollar coin. I reported this one , be careful out there.

 

[The Crow]

How would that scam work? You sell nothing for $8 - hardly going to get rich. Or is it auction format, so that you could potentially scam the whole price?

 

[Ipv6Ready]

Potentially the Aussie could have bought them for $8 and selling it for $1500 and copying the $8 ad?

 

[The Crow]

Oops, I read it the other way around. Nice profit margin if the seller is being "honest".

 

[alwayslooking]

It looked like the Aussie add for "buy it now" was legit and some crackhead in the USA with a computer copied and pasted the add to their new account and changed it to an auction in the hope that people would bid on it like a real coin. I kept an eye on it and Ebay didn't take it down when I reported it. It seemed that most everyone stayed away from it then somebody bid $8 on it then later gave the feedback of "not sent, no contact". So if it would have bid up to $1400 they would have scored. I have seen several 1 or 2 day old accounts with 1 high dollar coin for sale and nothing else.